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General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
On December 2, 2008, General Motors submitted its "Restructuring Plan for Long-Term Viability" to the Senate Banking Committee and House of Representatives Financial Services Committee. [22] Congress declined to act, but in December 2008 the Bush administration provided a "bridge loan" to General Motors with the requirement of a revised ...
June 19, 2009: Deadline for filing all objections to the sale of General Motors. June 22, 2009: Deadline for making competing bids in the auction of General Motors' assets. June 25, 2009: Final hearing on the bankruptcy loan. July 10, 2009: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors. [9] [10]
DETROIT — General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion ...
In her shareholder letter, Barra also reiterated GM's plan to plan to produce 400,000 EVs over the course of 2022, 2023, and the first half of 2024, including 50,000 EVs in North America in the ...
General Motors shares jumped after the automaker reported profit jumped in the fourth quarter, driven again by record revenue and strong demand. GM stock pops after fourth quarter sales, profits ...
In 2009, General Motors sold 6.5 million cars and trucks globally; in 2010, it sold 8.39 million. [197] Sales in China rose 66.9% in 2009 to 1,830,000 vehicles and accounting for 13.4% of the market. [198] In 2010, General Motors ranked second worldwide with 8.5 million vehicles produced. [199]
GM is still targeting $280 billion in total sales by 2030 — more than double that of 2021 sales — in part due to expectations around EVs. "We still believe in an all-electric future," Barra said.